is a Bitcoin and altcoin trade platform that offers many foreign money pairs, including trading altcoins for FIAT currency.
The alternate was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based in Metairie, Louisiana, US.
The alternate doesn’t have a specified market they goal on the world map, but it appears they're focused on altcoin traders and offer many features for Russians.
There’s even a video for newbies in Russian.
The verification process isn’t explained on the website, however it’s mentioned on the Bitcointalk discussion board by the Livecoin personnel.
Apparently, the verification is only needed for the customers who plan to use bank transfers for putting the deposit. The verification process shouldn't be presented publically, and all users who are looking to confirm their account are directed to the contact page.
There aren't any trading limits tied to the verification.
The alternate helps the next FIAT currencies:
When it comes to digital currencies, there’s a huge number of supported altcoins. The complete list of supported coins is available on the website.
LiveCoin Fee Schedule
Livecoin makes use of a maker/taker charge model with aggressive charges for takers and bonuses for makers with a sliding scale depending on the monthly trade volume.
This signifies that every time person places a suggestion onto the change order book for different users to take up, it get paid a bonus instead of paying trading fees. This model encourages users to really provide liquidity instead of taking liquidity from the order book by accepting the presents from different users.
The bonuses range from 0.01 p.c to 0.1 p.c on each trade customers make, and previous trading volume determines them.
In terms of taker fees, the trade has very competitive price model.
For volumes beneath 2,000 US dollars – 0.20 % price of the quantity traded applies.
As the month-to-month volume will increase, the charges proportion drop. Finally, for volumes above 300,001 US dollars, the price reaches the minimum of 0.01 percent of the quantity traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. On the subject of withdrawals in digital currencies, only minimal network charges apply.
FIAT forex deposits carry the next charges:
Payeer – 7.5 p.c
PerfectMoney – 5.5 p.c
OkPay – 1 percent
Wire Switch (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 p.c in USD and RUR, 5 % in EUR
FIAT currency withdrawal charges are a bit decrease:
Payeer – 1 %
PerfectMoney – 1 % with a minimal of 1 US dollar
OkPay – 2.25 % with a minimum of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR
Capitalist.net – Freed from charge
Capitalist.net card – 0.ninety nine US dollars or EUR
The complete price schedule, as well as withdrawal and order limits, will be discovered here.
Livecoin.net Trading Analysis
Trading on Livecoin is simple, and the alternate offers some nice features. There are a number of types of orders:
Commonplace market order
The primary two are usual orders on nearly all of exchanges, but the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the price hits a certain level specified by the trader. This could be very helpful in markets where many rivals try to be on top of the order book or in cases where the person could affect the market by placing a big order. Pending order helps to keep away from the disturbance of the market by hiding gives from the books which everybody can see.
One of the best things about this change is their altcoin and FIAT forex pairs. Having this option makes things lots simpler and makes calculating profit and loss less troublesome. It also removes a layer of pointless bills because of paying units of charges instead of just one. That’s because on nearly all of the trading platform users need to trade FIAT for Bitcoin after which Bitcoin for other coins. There are no FIAT/altcoin trading pairs. This feature makes Livecoin notably attractive.
Ease of Use
The interface is properly designed and relatively simple to use. Everything is just a click on away, and swap between the markets is quicker than on the other exchanges.
The company doesn’t have apps for Android and iOS yet, but the website is responsive, and it appears good on mobile devices.
It seems stunning – it’s straightforward to make use of, and it’s load time is impressive.
The help crew from Livecoin.net could be very skilled and friendly. The types of support offered are 24/7 chat and electronic mail support. The trade has a form of distant FAQ page on Bitcointalk forum, which is kind of intensive and an ideal place to ask any questions.
There aren't a single complaint in regards to the change on the Web in the meanwhile of the writing of this review.
The website affords -factor authentication and PIN code as well as SMS and e mail notifications. There isn't any details about the encryption of the emails or cold storage of the coins.
There have been no hacking attacks so far, meaning that this is a safe place for Bitcoins as well as altcoins.